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Home » Store » News » With Consumer Groups Chalking Up State, Local Victories, MBA’s Ability to Win Predatory Lending War is in Doubt

With Consumer Groups Chalking Up State, Local Victories, MBA’s Ability to Win Predatory Lending War is in Doubt

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Industry lawyers and subprime lenders sat in grim silence during a recent legal issues seminar sponsored by the Mortgage Bankers Association of America as they listened to panelists talk about the proliferation of anti-predatory lending measures on the state and municipal levels. At one point the audience groaned in collective frustration as panelists announced the passage of measures in Pennsylvania and Illinois. "Why are we losing the public relations war?" one participant asked.
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